“The Nickel Hotel reflects our commitment to delivering distinctive, experience-driven development in high-demand markets like Charleston,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “We are honored to be recognized by CoStar for a project that blends thoughtful design, historic inspiration and long-term investment value.”

Completed in spring 2025, The Nickel Hotel draws inspiration from the ornate ironwork found throughout Charleston — also known as “the Holy City”— including its gates, passageways, historic homes and churches.

The five-story property features 50 units, including two penthouse suites, with full-size kitchens, custom wood vanities, marble countertops and in-unit washers and dryers. Select rooms include arched, floor-to-ceiling windows, while others offer private balconies with double French doors. Amenities include a lush interior courtyard, private guest lounge and the rooftop bar and lounge, Rosemary Rose. Street-level retail space on historic King Street is leased to Greyson Clothiers, a premier lifestyle apparel brand.

Development of The Nickel Hotel was funded by Capital Square’s fourth qualified opportunity zone fund, CSRA Opportunity Zone Fund IV, LLC, as well as proceeds from Method Co., the project’s co-developer and operator.

As designed under opportunity zone legislation, the development has already delivered significant economic benefits. Construction supported 250 annual jobs and generated $1.6 million in annual tax revenue. The property is also expected to contribute $1.9 million to GDP and $1.2 million in annual labor income beginning in 2025, when the doors opened. Since its launch, the boutique hotel has quickly become a new destination that supports the continued transformation and expansion of Charleston’s urban and cultural core.

The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects with significant influence in neighborhoods or submarkets across 129 major markets in the United States, Canada and the United Kingdom. The award celebrates commercial real estate professionals that have brought leadership, innovation and professionalism to their markets, by spotlighting commendable transactions and projects.

Since 2012, Capital Square has completed more than $8.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $8.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

The post Capital Square’s The Nickel Hotel Wins 2026 CoStar Impact Award for Charleston Commercial Development of the Year appeared first on Capital Square - Raising capital, buildings and expectations.

“The Miami Gardens submarket has a shortage of available housing, effectively driving occupancy to 100%. In addition, the Miami MSA is one of the least affordable home ownership markets in the U.S., driving the demand for rental housing,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “This offering combined the desirability of housing, a necessity, with short supply driving demand.  Capital Square specializes in locating submarkets like this with exceptional cash flow and profit potential.”

Located at 3400 NW 191st Street, the 100 percent occupied community features three- and four-bedroom townhomes with high-end finishes, including porcelain and vinyl flooring, stainless steel appliances, in-unit, stackable washer and dryer, white quartz countertops, European cabinetry, central air conditioning and recessed lighting. Each concrete-poured home also includes 8.5-foot ceilings, a private balcony, fenced backyard and two-car driveway, with additional street parking available.

The property is approximately two miles from Florida’s Turnpike and three miles from the Golden Glades Tri-Rail Station, providing convenient regional access. It is also located two miles from Hard Rock Stadium – home to the Miami Dolphins, University of Miami Hurricanes, Formula 1 racing and the Miami Open Tennis tournament – and one mile from Miami Gardens City Center, a $400 million, 35-acre mixed-use development and retail destination currently under construction.

In addition, the property is within a 25-minute drive of more than 935,000 jobs across major employment centers, with particular concentration in the healthcare and higher education sectors. Notable employers include Baptist Health, University of Miami, Jackson Health System and American Airlines.

“The Villages at Miami Gardens benefits from sustained demand in a submarket with limited recent deliveries, making it a compelling investment property,” said Whitson Huffman, co-chief executive officer. “Miami Gardens’ growing population, strategic location and ongoing reinvestment have strengthened its position as a desirable destination for residents and businesses. By expanding our presence in South Florida with a community of this quality, Capital Square continues to provide investors with access to markets with strong fundamentals and the potential for long-term performance.”

According to a 2025 Scout Report, the Miami metro population has grown 9.5% over the past decade, making it one of the fastest-growing large markets in the U.S. Yardi reports that since 2020, the region has attracted $4.6 billion in foreign investment and more than 50 corporate relocations, led by $1.5 billion in real estate and $1.3 billion in hotels and tourism.

Since 2022, Capital Square has launched 13 build-for-rent offerings totaling 1,684 units across seven states and 11 cities. The portfolio, including development offerings, represents a gross asset value of approximately $573.7 million.

Founded in 2012, Capital Square has acquired more than 175 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with others seeking stable cash flow and capital appreciation.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion, and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $8.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

The post Capital Square Fully Subscribes Build-for-Rent DST Offering Near Miami’s Hard Rock Stadium appeared first on Capital Square - Raising capital, buildings and expectations.

Capital Square fully subscribed CS1031 Parkland Apartments, DST; CS1031 Tapestry West Apartments, DST; and CS1031 Lyric at Norton Commons Apartments, DST.

“The successful acquisition of these three Class A multifamily communities demonstrates Capital Square’s ability to deliver the highest quality replacement property at scale,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “These are some of the highest quality multifamily communities in very strong markets. DST investors were able to acquire investment-grade replacement property with favorable non-recourse financing for their Section 1031 exchanges.”

CS1031 Parkland Apartments, DST, owns The Villas at Ibis Landing, located at 5851 Holmberg Road in the affluent Miami suburb of Parkland, Florida. The offering raised $105.7 million in equity from 249 accredited investors, including 156 repeat investors.

CS1031 Tapestry West Apartments, DST, owns Tapestry West Apartments, located at 2031 Maywill Street in Richmond, Virginia. The offering raised $60.7 million in equity from 160 accredited investors, including 114 repeat investors.

CS1031 Lyric at Norton Commons Apartments, DST, owns Lyric at Norton Commons Apartments, located at 11210 Peppermint Street in the Louisville suburb of Prospect, Kentucky. The offering raised $68 million in equity from 170 accredited investors, including 114 repeat investors.

A total of 579 investors participated in the offerings. Some invested in two or three of the offerings, diversifying their real estate portfolios.

“The full subscription of Capital Square’s Lyric, Tapestry and Parkland DST offerings demonstrates the compelling opportunity presented by these institutional-quality properties,” said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. “Each DST provides the potential for passive ownership of institutional-quality real estate, non-recourse financing, a viable replacement property solution for 1031 exchange investors, and meaningful estate planning benefits, all while addressing the growing importance of portfolio diversification. Together, these assets reflect the standard of quality Capital Square delivers to our investors.”

Since its founding in 2012, Capital Square has acquired more than 175 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with others seeking stable cash flow and capital appreciation.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $8.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

*Based on investment cost

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

The post Capital Square Successfully Completes Three DST Offerings Totaling $396 Million* appeared first on Capital Square - Raising capital, buildings and expectations.

Structured as an all-cash acquisition with no mortgage debt, the portfolio eliminates interest rate and foreclosure risks and is designed to provide accredited investors with stable income and long-term growth potential in the underserved age-restricted rental housing segment.

“The 55-plus demographic continues to expand rapidly, with many active adults seeking high-quality rental options that provide lifestyle flexibility without the burdens of homeownership,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “This all-cash portfolio of stabilized, fully occupied communities reflects Capital Square’s strategic focus on build-for-rent housing and our conviction that differentiated, active-adult communities in growth markets will deliver durable performance over time.”

Located at 2551 Alma Road, in McKinney, Emerald Cottages of Stonebridge includes 44 single-story active-adult cottage homes with attached oversized garages and a community clubhouse. Interior finishes include upgraded flooring, granite countertops, custom cabinetry, stainless steel energy-efficient appliances, large walk-in closets and ample storage. Residents also benefit from proximity to McKinney’s historic downtown district, which features more than 120 shops, restaurants and wineries.

The community is 100% occupied with a waitlist of 18 prospective residents. Over the trailing 12 months, the property achieved 86% resident retention, zero bad debt and no rental concessions, reflecting stable operations and strong demand. 

Emerald Cottages of Waco, located at 2412 Marketplace Drive, in Waco, includes 32 active-adult, 100% occupied single-story homes with attached garages. The cottage-style homes feature private entrances, a zero-maintenance lifestyle and luxury interior finishes consistent with the McKinney community. The property has a waitlist of 12 prospective residents and achieved 78% resident retention over the trailing 12 months with zero bad debt and no concessions. Waco is located along the I-35 corridor, approximately halfway between Dallas–Fort Worth and Austin, providing residents access to major metropolitan amenities and healthcare while maintaining a more relaxed lifestyle environment.

“McKinney and Waco represent two of the most compelling markets in Texas for age-restricted housing,” said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. “McKinney has experienced extraordinary long-term population growth and continues to attract corporate relocations and new residents, yet the active-adult segment remains underserved. In Waco, with more than a quarter of the population aged 55 and older, the demand fundamentals for age-restricted living are strong and growing. The strong occupancy, waitlists and resident retention at both communities further reinforce our conviction that well-located, differentiated housing solutions for active adults will deliver lasting value for investors.”

According to McKinney Development Services, McKinney is one of the fastest-growing communities in North Texas, with a city population of approximately 224,000 and a Collin County population of roughly 1.2 million and growing. McKinney Economic Development Corporation reports a long-term population growth in the city of approximately 379% between 1999 and 2019. The city features a highly diversified economy supported by technology, healthcare, professional services, retail and corporate operations, with median household income of approximately $120,000.

Waco is located in McLennan County, which has a population of approximately 268,000, according to Heart of Texas Council of Governments, with the City of Waco comprising roughly 144,000 residents.  Waco Economic Development Group reports that population growth in the region averages approximately 1.5% annually, and approximately 26.8% of the population is aged 55 and older, supporting sustained demand for age-restricted housing options. The local economy is anchored by Baylor University, which enrolls approximately 20,000 students, and is further supported by a growing healthcare and tourism sector.

Since its founding in 2012, Capital Square has acquired more than 175 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with others seeking stable cash flow and capital appreciation.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion, and a real estate investment trust (REIT) for stable income and growth. The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $8.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities/Distributors, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities/Distributors, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

The post Capital Square Launches All-Cash DST Offering of 100% Occupied Build-for-Rent Active-Adult Living Portfolio in Texas appeared first on Capital Square - Raising capital, buildings and expectations.

The grand opening event, held on Friday, February 6, featured a host of local dignitaries, including Richmond Mayor Dr. Danny Avula, Katherine Jordan of Richmond City Council, Capital Square Co-CEOs Louis Rogers and Whitson Huffman, and other key partners and development team leaders. After the reception and speeches, attendees toured the building’s market-leading residences and amenity spaces.

“The opening of Chasen represents another important milestone for Capital Square and for the continued evolution of Scott’s Addition,” said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. “A testament to how opportunity zone legislation can transform both neighborhoods and investor outcomes, Chasen reflects our commitment to creating high-quality residential communities that elevate the urban living experience. With its luxury amenities and premium finishes, Chasen offers residents a sophisticated lifestyle while reinforcing Scott’s Addition’s position as one of Richmond’s most dynamic and desirable neighborhoods.”

Located in the heart of Scott’s Addition, the community includes three six- and seven-story residential buildings above podium parking with over 5,350 square feet of ground-level retail space. Units average 845 square feet with premium appliances and finishes, including quartz countertops, tile back splashes and luxury tile throughout. Community amenities include a resort-style zero-edge pool, fitness center, wellness studio, co-working space, dog wash station, resident lounges, lush courtyards with native Virginia landscaping and a rooftop terrace.

Capital Square has been the most active developer within the Scott’s Addition neighborhood since 2020, having completed five Class A mixed-use multifamily communities: INK at Scott’s Collection, VIV at Scott’s Collection, GEM at Scott’s Collection, Otis and Chasen, all within walking distance of one another.

The project team included Poole & Poole Architecture as building architect, Timmons Group as civil engineer and Hourigan Construction as general contractor. The design team included ENV as interior designer and Marvel Designs as landscape designer.

Chasen was funded with proceeds from Capital Square’s seventh qualified opportunity zone fund, CSRA Opportunity Zone Fund VII, LLC. Conceived as part of the Tax Cuts and Jobs Act of 2017, opportunity zone funds are intended to help foster economic growth by providing tax benefits to incentivize private investments in designated opportunity zones. More recently, Capital Square launched CSRA Opportunity Zone Fund IX, LLC to fund the construction of another luxury multifamily development in the Scott’s Addition neighborhood.

Natalie Mason, co-head of development at Capital Square, added, “Scott’s Addition has incredible energy, and Chasen puts residents right in the center of it all. From the local breweries and restaurants to the walkable streets and creative community, this neighborhood offers something truly unique. We’re excited to give people the opportunity to live here and experience everything this area has to offer.”

According to an economic impact study completed by FTI Consulting, Capital Square’s Scott’s Addition-focused opportunity zone developments have generated significant economic and fiscal impacts, including the creation of approximately 372 jobs annually during the construction phase as well as a projected $2.8 million in local and state taxes also during construction. Capital Square’s total Scott’s Addition development footprint represents approximately $470 million in gross asset value, including 35,000 square feet of retail and a total of 1,232 units stabilized, under construction or in development.

Capital Square and VCUarts have also partnered to create the Capital Prize, two juried exhibitions of artwork by VCUarts Painting + Printmaking alumni with award prizes. The first round exhibition, installed in the lobby of Chasen, showcases artwork from 20 alumni artists.

Since its founding in 2012, Capital Square has acquired more than 175 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with seeking stable cash flow and capital appreciation.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion, and a real estate investment trust (REIT) for stable income and growth. The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $8.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

The post Capital Square Celebrates Grand Opening of Chasen, a Multifamily Community in Richmond’s Scott’s Addition Opportunity Zone appeared first on Capital Square - Raising capital, buildings and expectations.

During the year, Capital Square generated $302.8 million in full-cycle DST transaction volume, representing the highest annual DST property sales activity since the firm’s founding. The company also completed several individual property sales from larger portfolios, contributing to its overall disposition activity and reinforcing investor liquidity across multiple strategies.

“2025 was a record year for Capital Square,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “We executed at scale across every part of our platform – delivering liquidity, expanding our multifamily footprint and providing investors with multiple paths to reinvest and continue compounding tax-efficient wealth.”

Record DST Performance and Investor Reinvestment

Capital Square fully subscribed six DST programs in 2025 and successfully took an additional 10 offerings full-cycle, with the majority of investors electing to reinvest in another Capital Square-sponsored DST to continue tax deferral under Internal Revenue Code Section 1031. Also, an increasing number of DST investors elected to contribute their DST interests to Capital Square Housing Trust, Capital Square’s real estate investment trust, to obtain permanent tax deferral along with numerous benefits not available in the DST structure.

Capital Square Housing Trust Nearly Doubles Gross Asset Value

Capital Square Housing Trust recorded significant growth in 2025, with gross asset value increasing from $212 million to $388.9 million, as the portfolio expanded by five properties year over year. The REIT also entered Tennessee, adding 912 multifamily units and further diversifying its geographic footprint.

During the year, Capital Square Housing Trust completed five UPREIT transactions. The first two were DST-to-UPREIT acquisitions:

• Marina Pointe Apartments, a 308-unit multifamily community in Chattanooga, Tennessee, with distributions to DST investors projected to increase more than 22% based on appreciation in value
• Promenade at Newnan Crossing Apartments, a 298-unit multifamily community in Newnan, Georgia, within the Atlanta metropolitan area, with distributions to DST investors projected to increase more than 52%

The remaining three transactions were unaffiliated whole-property UPREIT acquisitions:

• Wellington Place and Lawndale Farms Apartments, a 250-unit, two-property portfolio in Henrico County, Virginia
• Fort Sedgwick, a 56-unit multifamily community in Petersburg, Virginia

The REIT also fully subscribed its Series 1 Redeemable and Convertible 9.0% Preferred Stock offering, raising $24 million, and launched Capital Square Housing Trust Series 2 Class A and Class I Redeemable and Convertible Preferred Stock.

Record Opportunity Zone Development and Build-for-Rent Expansion

2025 was a banner year for Capital Square’s development team. As of year-end, Capital Square delivered four major development projects, with a total development cost exceeding $465 million.

• Maeve (CSRA Opportunity Zone Fund VI, LLC), a 20-story, 297-unit mixed-use multifamily community with more than 10,000 square feet of retail space.
• The Nickel Hotel (CSRA Opportunity Zone Fund IV), a 50-unit boutique hospitality property in Charleston, South Carolina.
• Livano Knoxville (CSRA Opportunity Zone Fund VIII), a 348-unit Class A multifamily community in Knoxville, Tennessee.
• Chasen (CSRA Opportunity Zone Fund VII), Building 3, a multifamily community in Richmond, Virginia, which has begun leasing and welcoming residents.

Maeve received a 2025 Imprint Award from the Downtown Raleigh Alliance and an Award of Merit in Residential/Hospitality from Engineering News-Record Texas & Southeast. The Nickel Hotel received an Architectural Merit Award from Charleston’s Board of Architectural Review (BAR) and was a finalist in the 45^th annual Gold Key Awards for Excellence in Hospitality Design.

The firm also expanded its build-for-rent (BFR) platform with the launch of Capital Square Blue Horizons BFR, LLC, a 238-unit community in Buckeye, Arizona (Phoenix MSA), and successfully capitalized Capital Square Glendale BFR, LLC, a 320-unit community in Glendale, Arizona.

Capital Square Living Continues to Scale

Capital Square Living, the firm’s property management division, managed 13,273 units across 57 sites by year-end, operating in 23 markets across 34 cities in eight states. The platform earned multiple honors at the Chattanooga Apartment Association Annual Awards, including top awards for Lullwater at Big Ridge, One Riverside and Integra Vistas Apartments.

Capital Square Living’s Elevate Leadership Development Program also launched in 2025, focusing on skill-building and empowering both current and future leaders within the organization.

National Recognition

Throughout 2025, Capital Square received several national recognitions, including placement on Multi-Housing News’ Top Multifamily Property Owners list, inclusion on the Inc. 5000 list of fastest-growing companies for the ninth consecutive year, GlobeSt. CRE’s Best Places to Work designation and WealthManagement.com’s Impact Award.

“Across market cycles, Capital Square remains focused on disciplined execution and long-term value creation,” said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. “The scale of activity achieved in 2025 reflects the strength of our vertically integrated platform and ability to deliver consistent tax-advantaged outcomes for investors.”

By year’s end, Capital Square’s real estate portfolio consisted of 66 multifamily, 13 manufactured housing and 49 commercial assets, with aggregate occupancy of 92%. Since its founding in 2012, the firm has acquired more than 175 real estate assets on behalf of over 6,500 investors. Capital Square’s 2025 performance underscores the firm’s ability to execute across multiple tax-advantaged strategies while leveraging its development and management divisions to drive long-term value creation for investors.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion, and a real estate investment trust (REIT) for stable income and growth. The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $7.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

The post Capital Square Surpasses $1 Billion in 2025 Dispositions, Sets Firm Record for UPREIT Transactions and Opportunity Zone Deliveries appeared first on Capital Square - Raising capital, buildings and expectations.

Through an umbrella partnership real estate investment trust (UPREIT) transaction, more than 55% of the Delaware statutory trust (DST) owners (by investment value) in CS1031 Promenade at Newnan Crossing Apartments, DST, exchanged their DST interests for limited partnership units in the REIT’s operating partnership in a tax-advantaged transaction under Section 721 of the Internal Revenue Code.

Promenade at Newnan Crossing was originally acquired by Capital Square in 2020 for a DST/Section 1031 exchange program. The property outperformed the private placement memorandum pro forma by more than 17% on income and nearly 30% on net operating income over a five-year holding period, supported by rent growth exceeding 25% and average occupancy above 95.5%. Many DST investors chose to retain this high-performing property and obtain other REIT benefits by participating in the UPREIT transaction.

“The DST is an exceptional structure for Section 1031 investors seeking cash flow and appreciation,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Over time, many DST investors have requested a tax-favored solution that provides permanent tax deferral and greater property diversification. The DST-to-modern UPREIT transaction is the ultimate answer for a growing number of DST investors.”

Unlike many UPREIT transactions, Capital Square affords investors full optionality to:

• exchange their DST interests for operating partnership units in the REIT without taxation under Section 721;
• structure another exchange to continue their tax deferral under Section 1031; or
• cash out all or a portion of their investment on a taxable basis.

Regardless of their choice, all investors are treated equally, with the same fair market value purchase price based on appraised value.

Located at 1450 Newnan Crossing Boulevard in the Atlanta suburb of Newnan, Georgia, the multifamily community is composed of 298 units and situated on 24.21 acres of land. The community’s distinct unit types include townhomes, manor-style homes and garden-style apartment flats ranging in size from 577 square feet to 1,423 square feet. The community includes a resident clubhouse with multiple lounges and meeting areas, a resort-style pool, community garden, dog park, bike storage pavilion, indoor game room, bocce ball court and turf area used for outdoor movie screenings.

The fair market value of Promenade at Newnan Crossing Apartments was established through an independent MAI appraisal. Additionally, Capital Square Housing Trust obtained a fairness opinion from Robert A. Stanger & Company, a third-party investment banking firm.

“The sale of Promenade at Newnan Crossing underscores Capital Square’s strength as a vertically integrated firm and our commitment to creating attractive long-term outcomes for investors,” said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. “Investors who participated in this DST offering realized a successful total return, while those who elected to UPREIT into Capital Square Housing Trust have the opportunity for enhanced portfolio diversification, increased cash flow and other possible long-term REIT benefits not available in the DST structure.”

Capital Square Housing Trust now owns 10 multifamily communities with a gross asset value of over $389 million based on purchase price. 

Since its founding in 2012, Capital Square has acquired more than 175 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with seeking stable cash flow and capital appreciation. The firm has a portfolio of 66 multifamily apartment communities, 13 age-restricted manufactured housing communities in Florida and seven build-for-rent communities, with a total investment cost of nearly $5 billion.

About Capital Square Housing Trust

Capital Square Housing Trust is a real estate investment trust sponsored by Capital Square, a national real estate firm led by a seasoned team of real estate investment professionals with decades of experience. The REIT acquires and manages a range of housing solutions in Southeastern growth markets. To learn more, please visit www.CapitalSquareREIT.com.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion, and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $7.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

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Key features of Top DST Providers per MoneyTalks:

• Educational commitment
• Due diligence standards
• Property quality
• Acquisition strategy and timing
• Emphasis on passive ownership

To read the full article, click here.

Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.  

The post MoneyTalks News appeared first on Capital Square - Raising capital, buildings and expectations.

“Active adult communities such as Everleigh Short Pump reflect the convergence of powerful demographic trends, lifestyle-driven housing demand, and durable long-term fundamentals,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “As 1031 exchange investors increasingly seek high-quality replacement properties that offer both income potential and long-term growth, Capital Square believes well-located, age-restricted multifamily assets will continue to play an important role in a diversified real estate portfolio.”

The community, Everleigh Short Pump, is 95.7% occupied and features one-, two- and three-bedroom units averaging 1,001 square feet, with nine-foot ceilings and premium interior finishes. Community amenities include a heated swimming pool, yoga studio, a sun deck, a great room for large gatherings and dining, as well as a resident lounge and theater room. The property is staffed with an activities director who creates engaging experiences for residents, including happy hours, fitness programs, and creative and educational classes.

Nearby, Eli Lilly, an $800 billion global pharmaceutical company, is constructing a $5 billion manufacturing facility on 227 acres, creating 650 permanent jobs and 1,800 construction jobs. Additionally, the LEGO Group recently broke ground on its new two-million-square-foot regional distribution center in Prince George County near Richmond. This investment of more than $360 million is expected to support over 300 jobs.

As one of America’s oldest cities, Richmond combines its historic legacy with modern advantages, offering outdoor activities along the James River and a vibrant food scene. The Short Pump suburb gives residents access to 5.5 million square feet of retail, restaurants, entertainment and more. Everleigh Short Pump is located across from a Kroger-anchored shopping center and less than a half mile from Broad Street, the primary thoroughfare of Short Pump, with direct access to Richmond.

“Richmond continues to stand out as one of the most stable and compelling demographic markets in the Southeast,” said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. “Both statewide and regional unemployment remain below national levels, and the city has experienced meaningful population growth over the past decade. These strong economic fundamentals and steady in-migration support long-term housing demand and reinforce our confidence in the market’s continued performance.”

As of August 2025, unemployment in both Virginia and the Richmond metro area was 3.7%, according to the Federal Reserve Economic Data database. This compares favorably to the national unemployment rate of 4.3% for the same period. Richmond Economic Development reports that over the past 10 years, the city of Richmond alone has experienced approximately 11% population growth. Within a five-mile radius of the property, over 30% of residents are age 55 and older, while another 12% are between 45 and 54, underscoring a sizable and growing older demographic.

Since its founding in 2012, Capital Square has acquired more than 175 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with others seeking stable cash flow and capital appreciation.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion, and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $7.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

The post Capital Square Launches New Active Living DST Offering in Richmond’s Short Pump Submarket appeared first on Capital Square - Raising capital, buildings and expectations.

In his new role, McClendon will provide sales and marketing support for broker-dealers, registered investment advisers and their affiliated advisors in the Southeast, serving Alabama, Arkansas, Florida, Georgia, Mississippi and Puerto Rico. In his new role, Nevins will serve and support both the Blue Ridge and Southeast territories as the internal wholesaler. In addition, internal wholesaler Jack Reifsnider, formerly associate vice president of national RIA accounts, has been promoted to regional vice president, Blue Ridge sales, where he will serve as the external wholesaler for the territory covering North Carolina, South Carolina and Tennessee.

“Capital Square is elevating its presence across these key regions by bringing together seasoned leadership and exceptional new talent,” said Jessica Correnti, executive vice president, distribution and national accounts at Capital Square. “McClendon brings deep expertise in DSTs and opportunity zones, complemented by Nevin’s multifamily and tax-advantaged investing experience. With Reifsnider’s continued leadership in the Blue Ridge region, we are strengthening our ability to serve advisors and investors with unmatched integrity, knowledge and support.”

McClendon is an accomplished capital markets professional who joins Capital Square with more than 20 years of experience in capital raising, sales management, product development, key account development and investor relations. Most recently, he served as senior vice president of capital markets at Bonaventure Capital. Prior to that, he was regional vice president at CIM Group, where he contributed to sales success of CIM Group Solutions, and he held a similar role at Inland Securities Corporation. McClendon graduated with a bachelor’s degree from the University of Georgia, and holds FINRA Series 7, 24 and 66 licenses, and an insurance producer license.

Nevins joins Capital Square with more than 20 years of experience in multi-level sales, operations and customer support in both the financial services and legal sectors. Previously, he held the role of vice president, capital markets, at CEDARst Companies, where he raised capital throughout the independent broker-dealer and RIA communities for several investment opportunities. Prior to CEDARst Companies, Nevins worked as a regional sales consultant for Frontier Asset Management, where he worked directly with financial advisors to educate and offer third party managed market strategies. Nevins graduated with a bachelor’s degree from the University of Georgia and holds FINRA Series 7 and 63 licenses.

Reifsnider joined Capital Square in January 2025 as associate vice president, national RIA accounts. He has been responsible for the Southeast territory and also worked in the RIA division for the national RIA accounts. Prior to Capital Square, he was an internal wholesaler at Transamerica. He holds FINRA Series 7 and 63 licenses.

With these new hires and strategic sales team realignments, Capital Square continues to elevate its investors-first service and commitment to industry excellence.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $7.9 billion in transaction volume. Its mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

The post Capital Square Adds Mick McClendon as SVP, Southeast Sales, and Preston Nevins as VP, Southeast & Blue Ridge Sales appeared first on Capital Square - Raising capital, buildings and expectations.